Seafood Firms Reach $2.25 Million Deal in Crab Price-Fixing Suit

Two seafood distributors agreed to pay $2.25 million to settle claims they suppressed prices paid to Dungeness crab fishers in the Pacific Northwest, an “icebreaker” deal in the case after three years of litigation.

The proposed settlement with Pacific Dream Seafood and Caito Fisheries Inc., and the plaintiffs’ request for preliminary approval, were filed Monday in the US District Court for the Northern District of California.

Under the proposed deal, Pacific Dream will pay $1 million while Caito and its affiliates will pay $1.25 million. “These ice-breaker settlements represent solid recoveries for the First Round Settlement Class and are well ...